What criteria are used to determine how to record a factoring transaction? $\text {\underline{\text{GAAP }} }$
a. risks and rewards, and loss of control
b. risks and rewards, and loss of control
c. loss of control
d. loss of control

$\text { \underline{\text{ IFRS }} }$
risks and rewards, and loss of control
loss of control
loss of control
risks and rewards, and loss of control

Question

What criteria are used to determine how to record a factoring transaction? $\text {\underline{\text{GAAP }}  }$
a. risks and rewards, and loss of control
b. risks and rewards, and loss of control
c. loss of control
d. loss of control

$\text { \underline{\text{ IFRS }} }$
risks and rewards, and loss of control
 loss of control 
loss of control 
risks and rewards, and loss of control

Quizplus · Accepted Answer

The Answer of What criteria are used to determine how to record a factoring transaction? $\text {\underline{\text{GAAP }}  }$
a. risks and rewards, and loss of control
b. risks and rewards, and loss of control
c. loss of control
d. loss of control

$\text { \underline{\text{ IFRS }} }$
risks and rewards, and loss of control
 loss of control 
loss of control 
risks and rewards, and loss of control

What Criteria Are Used to Determine How to Record a Factoring